Wealth Management, Trust Officer, Executive Director

Testing Site - JPMC; New York (NY); On-site; USD 120,000 - 160,000; Full time

Job summary

JPMorgan Chase & Co. seeks a Trust Officer within Global Trusts & Estates to oversee administration, coordinate multidisciplinary teams, and ensure fiduciary duties are fulfilled for client trusts.

The role emphasizes strong client relationships, compliance with trust law, and collaboration with wealth advisors and external professionals. Responsibilities include reviewing trust documents, guiding discretionary actions, managing investments per guidelines, and supporting training and development

Qualifications

• Bachelor's Degree in a relevant field.
• In-depth knowledge of fiduciary products and services including legal, tax and regulatory requirements.
• 7 years of relevant experience in trust business, corporate fiduciary or law firm.
• Solid client relationship management experience.

Responsibilities

• Analyze trust documents for legal, tax, administrative and investment issues and coordinate delivery of services.
• Make recommendations regarding discretionary powers exercised as trustee.
• Oversee investment decisions ensuring alignment with guidelines and fiduciary law.
• Address questions from beneficiaries, co-trustees and advisors.
• Develop relationships with beneficiaries and advisors to meet grantor's purposes and beneficiary needs.
• Cross-sell JPM products/services and maintain strategies for increasing business with current clients.

Skills

Client relationship management

Fiduciary knowledge

Team collaboration

Attention to regulatory details

Education

Bachelor's Degree

MBA

J.D.

Job description

The Global Trusts & Estates Practice is an integral part of the services we offer to clients. With over 160 years of experience in serving as a corporate fiduciary for families, it is important that our Trusts and Estates services are delivered by the most capable people, with technical experience as well as the ability to interact well with a variety of types of families and individuals. When JPMorgan is appointed as corporate trustee of a trust, whether created by a client during his lifetime or upon his death through a provision in his will, it is the Trust Officer's role to oversee the administration of the trust.

Job Responsibilities

Technical and Risk Management

• Analyze trust documents for legal, tax, administrative and investment issues and coordinate delivery of services.
• Make recommendations regarding how the Bank shall exercise discretionary powers it has as trustee.
• Oversee investment decisions, including working with investors to ensure that the trust's investment objective is appropriate for the needs of the trust and applicable fiduciary law and that the trust is invested in accordance with its investment guidelines (Mandate).
• Comprehensive knowledge of trust law, gifting techniques, income, transfer, and generation skipping taxation, with ability to apply that knowledge to client specific planning exercises and account administration.
• Work with Tax Officers and trust counsel to resolve tax issues.
• Knowledge of internal procedures involving discretionary distributions, account maintenance, account opening/closing, AAR and ARP process, and management of overdrafts - is a plus.
• Address questions raised by beneficiaries, co-trustees and their advisors.
• Ability to work in a team-based environment.

ClientRelationshipManagement

Trust Officers must develop relationships with beneficiaries and advisors in order to have appropriate knowledge to carry out the grantor's purposes and meet the needs of the beneficiaries. Trust Officers have responsibility to maintain current information on beneficiaries and their changing needs and circumstances in order to prudently carry out the firm's fiduciary duties and to provide superior client service.

• Ability to partner with client's other advisors (attorney, accountant); highly respected by external professional advisor community.
• Develop, retain and deepen trust account relationships.

NewBusiness

• Partnering with Wealth Advisors with respect to the vetting and pricing of new trust business, including developing a full understanding of the purposes of the trust, the nature of JPM's role, the risks inherent in the structure and underlying assets, and the client's expectations.
• Cross-selling of JPM products/services; maintain and develop strategies for increasing business with current clients; professional advisor cultivation.

Educational/Administrative

• The specialized and ever changing nature of the Trust practice requires that Trust Officers devote a significant amount of time to personal development and training. Training at JPMorgan consists of reading the fiduciary materials which are circulated to each Trust Officer, attending in-house and external seminars and taking required Proficiency Training courses offered internally on a quarterly basis.
• Trust Officers are also required to assist in training and developing their Trust Administrative Officers and Professionals, including performance management and feedback.

Required Qualifications, Capabilities & Skills

• Bachelors Degree
• In-depth knowledge of all fiduciary products and services, including all legal, tax and regulatory requirements applicable to fiduciary relationships
• 7 years of relevant experience focused in the Trust business; either at a corporate fiduciary or a law firm
• Solid Client Relationship Management experience

Preferred Qualifications, Capabilities & Skills

• MBA or other advanced degree is a plus; J.D. preferred